In the Q1, Houston Wire And Cable Co's corporate clients experienced a reduction by -2.2 % in their costs of revenue, compared to a year ago, sequentially costs of revenue were trimmed by -6.87 %. During the corresponding time, Houston Wire And Cable Co saw a revenue deteriorated by -19.76 % year on year, sequentially revenue grew by 2.4 %. While revenue at the Houston Wire And Cable Co's corporate clients fell by -2.46 % year on year, sequentially revenue grew by 5.93 %.
Customers of Houston Wire And Cable Co saw their costs of revenue decrease by -2.2 % in Q1 compare to a year ago, sequentially costs of revenue were trimmed by -6.87 %, for the same period Houston Wire And Cable Co revnue deteriorated by -19.76 % year on year, sequentially revenue grew by 2.4 %.
Houston Wire And Cable Co's Comment on Sales, Marketing and Customers
We served approximately 6,400 customers, shipping approximately 38,000 SKU’s
to approximately 10,000 customer locations nationwide.
We believe that our national distribution presence and value-added services
make us an essential partner in the supply chain for our suppliers. We have
successfully expanded our business from the original location in Houston, Texas
to eighteen locations nationwide, which includes four third-party logistics
providers. Our standard practice is to process customers orders the same day
they are received. Our strategically located distribution centers generally
allow for ground delivery nationwide within 24 hours of shipment. Orders are
delivered through a variety of distribution methods, including less-than-truck-load,
truck-load, air or parcel service providers, direct from supplier and cross-dock
shipments. Freight costs are typically borne by our customers. Due to our shipment
volume, we have preferred pricing relationships with our contract carriers.
Houston Wire And Cable Co’s Comment on Sales, Marketing and Customers
We served approximately 6,400 customers, shipping approximately 38,000 SKU’s
to approximately 10,000 customer locations nationwide.
We believe that our national distribution presence and value-added services
make us an essential partner in the supply chain for our suppliers. We have
successfully expanded our business from the original location in Houston, Texas
to eighteen locations nationwide, which includes four third-party logistics
providers. Our standard practice is to process customers orders the same day
they are received. Our strategically located distribution centers generally
allow for ground delivery nationwide within 24 hours of shipment. Orders are
delivered through a variety of distribution methods, including less-than-truck-load,
truck-load, air or parcel service providers, direct from supplier and cross-dock
shipments. Freight costs are typically borne by our customers. Due to our shipment
volume, we have preferred pricing relationships with our contract carriers.
Sources:
Houston Wire and Cable Co’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Houston Wire and Cable Co’s corporate clients.
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